Measures taken by the new administration under Congress-granted legislative powers will start to have an impact between March and April next year, Peruvian President Pedro Pablo Kuczynski affirmed.
Said measures, initially estimated at 40, will reach 108 by the beginning of January next year. These include reforms in favor of SMEs, as well as income taxes and sales tax cut from 18% to 17%.
This 1% reduction will come into force on July 1, 2017, he told Gestion newspaper.
The Head of State addressed plans for the private sector to build 40,000 homes, supported by the public sector.
Likewise, he mentioned the Council of Ministers will also discuss tax incentives to companies. In this respect, the government aims to grant a tax credit per each employee formalizing-companies register in payroll.
2017 Goals
The top official also talked about the desired 5% economic growth forecast for 2017. Such expansion would be driven by the reactivation of private investment, unblocking of projects and execution of water projects, most of which have been bid.
Other objectives include bringing forward the Southern Gas Pipeline and the commuter train, as well as fixing Metro Line 2.
Finally, the President affirmed his government will work on boosting projects Quellaveco, Galeano and Tia Maria in Arequipa, region he will visit in January.
(END) FHG/CCR/DHT/MVB